# Hyperliquid Bitcoin Book Shows $6.35 Million Sell-Side Depth Gap

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/52558
Published: 2026-11-09T21:13:44.000Z
Updated: 2026-11-09T21:13:44.000Z
Section: Investing

> A Nov. 9 snapshot showed $9.6115 million in sell-side depth and $3.2594 million in buy-side depth, with Bitcoin priced at $74,800 alongside the data.

A Nov. 9 order-book snapshot showed Hyperliquid’s Bitcoin (BTC) perpetual market with $9.6115 million in sell-side depth and $3.2594 million in buy-side depth, a $6.3521 million gap. Bitcoin was priced at $74,800 alongside the order-book figures; the price was not identified as a Hyperliquid quote.

Binance’s spot market also had greater sell-side than buy-side depth, but its sell-side depth was far smaller than Hyperliquid’s perpetual market. The two readings cover different products: perpetual contracts on Hyperliquid and spot trading on Binance. The snapshot did not include a dollar figure for Binance’s imbalance.

The figures measure the dollar value of posted depth on each side of the book, not the number of individual orders. A large buy or sell order may affect thinner books first, making price moves more pronounced. TokenPost previously covered a separate Bitcoin spot order-book snapshot on Coinbase.